Karnik, Ajit Pethe, Abhay Lalvani, Mala and  Kelkar, Hemangi <br/><br/>
Discipline and efficiency in state finances: Arguments for using fiscal space by finance commissions 

 - Economic & Political Weekly  
 - 60(18), May 3, 2025: p.35-43 
<br/><br/> The sharing of tax revenues between the union and state governments is discussed. The deficiencies in the current approach to the sharing of revenues are pointed out and an alternative that will introduce discipline and accountability to the expenditures undertaken by state governments is proposed. This alternate approach focuses on the ability of state governments to meet their development expenditures out of their own revenues, that is, before receiving any federal transfers. – Reproduced <br/><br/><br/>https://www.epw.in/journal/2025/18/sixteenth-finance-commission/discipline-and-efficiency-state-finances.html<br/>